One of Melbourne's oldest gardens which was laid out when the colony of Victoria was just two years young is under threat from building works, which could swallow up about 10 per cent of the remaining grounds.

Sydney University's museum will be housed in a new building as it announces a $5 million donation towards the project. But art students still do not know where they will be located following the shut down of the Sydney College of the Arts campus at Lilyfield.

Australian schools are increasingly moving to introduce specialised entrepreneurship programs. And one year 12 has put his business on hold to study. This is a new reality among today's future workers.

The University of Sydney's attempts to shut down its art school could lead to a drop in donations from angry philanthropists, while gallerists and artists have thrown their support behind the National Art School.

Canberra-born global commodities trader and billionaire Graham Tuckwell and his wife Louise have made Australia's largest philanthropic contribution to a university worth about $200 million over three decades.